Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

depreciable life

Read a random definition: sight draft

A quick definition of depreciable life:

Depreciable life refers to the estimated amount of time that a piece of property can generate income. This is used to calculate how much depreciation and amortization deductions can be taken. Essentially, it's how long something can be used before it loses value and needs to be replaced. Another term for depreciable life is useful life.

A more thorough explanation:

Definition: Depreciable life, also known as useful life, refers to the estimated period during which a depreciable asset is expected to generate income. This period is used to calculate the amount of depreciation and amortization deductions.

Example: Let's say a company purchases a machine for $10,000 that has a useful life of 5 years. The company can deduct $2,000 per year ($10,000 divided by 5 years) as depreciation expense on their tax return. After 5 years, the machine is considered fully depreciated and has no remaining value.

Another example could be a building that has a useful life of 30 years. The owner of the building can deduct a portion of the building's cost each year for 30 years until the building is fully depreciated.

These examples illustrate how the depreciable life of an asset is used to calculate the amount of depreciation expense that can be deducted each year. It is important for businesses to accurately estimate the useful life of their assets in order to properly calculate their tax deductions and plan for future asset replacements.

depraved-heart murder | depreciation method

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
LSD+ is ad-free, with DMs, discounts, case briefs & more.